ECB cuts interest rates for first time since 2019, markets react positively

From CNBC: 2024-06-06 00:20:16

The pan-European Stoxx 600 reached near a record high, up 0.7% with tech stocks rising 1.6% and healthcare stocks up 1%. ECB lowered interest rates to 3.75% from 4%, marking the first cut since 2019. Markets in Asia-Pacific and U.S. reacted positively, with investors hopeful for further rate cuts. Novo Nordisk and Zealand Pharma’s stocks soared.



Read more at CNBC: ECB interest rate decision watched closely